Positive effects of globalization on labour markets:
The globalization of labour markets helped in the increment and growth of the small businesses and even multinational corporations all round the world as the workers have now an easy access to new and more developed markets across the world (Chiswick, 2003). Due to globalization the transportation and communication levels between the countries and continents have also increased. Due to globalized labour market workers can easily move from one country to another to make best use of their skills and abilities by marketing them in labour markets to potential employers that in turn contributes in the growth of the economy of the country. Free movement of labourers all over the world helps in the fixation of gaps that existed previously in labour markets. For example Indian nurses are working in government hospitals of United Kingdom and these positions of nurses were vacant due to local labour shortage in past years (Jaumotte, 2007). Companies now hire workers to work for them from any part of the world through the use of various means of communications such as online modes and telecommunication 23modes such as business process outsourcing or they create virtual teams of experts from all round the world for the completion of their projects. Other major benefit of globalized labour market is that they provide opportunities of optimal utilization of labourers available in a country (Davidson, 2008). for example if a country has surplus labour with it with limited jobs for them so the labourers have the opportunity to move in those markets where the job market is better in terms of more jobs opportunities open for labours all round the world. The best example of free labour movement can be taken of European Union especially of Schenegen Area.